Top Initiations

Analysts at Benchmark initiated coverage on Pinduoduo Inc (NASDAQ: PDD) with a Buy rating. The price target for Pinduoduo is set to $28. Pinduoduo shares closed at $20.41 on Wednesday.

Analysts at Piper Jaffray initiated coverage on Zillow Group Inc (NASDAQ: ZG) with a Neutral rating. The price target for Zillow is set to $48. Zillow closed at $44.14 on Wednesday.

Mizuho initiated coverage on Xencor Inc (NASDAQ: XNCR) with a Buy rating. The price target for Xencor is set to $52. Xencor closed at $31.70 on Wednesday.

JP Morgan initiated coverage on Sea Ltd (NYSE: SE) with an Overweight rating. The price target for Sea is set to $36. Sea shares closed at $31.22 on Wednesday.

MKM Partners initiated coverage on WPX Energy Inc (NYSE: WPX) with a Buy rating. The price target for WPX Energy is set to $15. WPX Energy shares closed at $10.66 on Wednesday.

Evercore ISI Group initiated coverage on Uber Technologies Inc (NYSE: UBER) with an Outperform rating. The price target for Uber is set to $60. Uber closed at $42.17 on Wednesday.

Mizuho initiated coverage on Fate Therapeutics Inc (NASDAQ: FATE) with a Buy rating. The price target for Fate Therapeutics is set to $27. Fate Therapeutics shares closed at $16.54 on Wednesday.

Analysts at Susquehanna initiated coverage on Kontoor Brands Inc (NYSE: KTB) with a Positive rating. The price target for Kontoor Brands is set to $36. Kontoor Brands shares closed at $27.16 on Wednesday.

Evercore ISI Group initiated coverage on LYFT Inc (NASDAQ: LYFT) with an Outperform rating. The price target for LYFT is set to $74. LYFT shares closed at $58.41 on Wednesday.